Flash Analysis: Stratis to the Stratosphere? | Hacked: Hacking Finance
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Analysis

Flash Analysis: Stratis to the Stratosphere?

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Flash Analysis: Stratis to the Stratosphere?

Introduction

This article was posted on Friday, 14:41, UTC.

Stratis on a tear

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Stratis has been on a tear after weathering last week’s correction in good shape and surging to new highs afterward. Since then, it has established a new uptrend and kept on delivering great returns. The BTC pair recently broke out above the 0.0030 level, and the move remains intact, suggesting more upside. The token more than doubled compared to its pre-correction highs in Bitcoin terms.

As the rise is definitely extended right now, this is not the best time to enter long-term positions, but the coin is a hold, and short-term positions could be still opened. Just don’t forget to differentiate between the two. Position sizing is key; remember that trading and investing are two different things. In the case of a correction, look for re-enter opportunities around 0.00215.

Possible targets: 0.0034, 0.0037, and 0.0040.

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Is anyone holding the coin right now? Let us know down in the comment section!

Great trading!

Featured image from Pixabay

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Mate Cser

Mate Cser

Trader and financial analyst, with 10 years of experience in the field. An expert in technical analysis and risk management, but also an avid practitioner of value investment and passive strategies, with a passion towards anything that is connected to the market.

Comments
  • user

    AUTHOR Godly

    Posted on 2:43 pm June 2, 2017.

    Sold 103 yesterday at .00280 from .00222, made a quick $100USD. Probably going to grab some more for the short-term gain aswell as some for the long-term.

  • user

    AUTHOR filmess

    Posted on 2:45 pm June 2, 2017.

    I bought some 3 days ago.. is it too late to invest some more ?..

  • user

    AUTHOR marcopolo1243

    Posted on 3:00 pm June 2, 2017.

    Its been amazing run ! Hopped onboard @ .0007842 , have done well to-date. Still have 3800 of them puppies 🙂

  • user

    AUTHOR jolly648

    Posted on 3:15 pm June 2, 2017.

    Mate I am not holding the coin right now but am thinking to enter in. A long position is what I am target and what do you think would be a good price to grab some?

    • user

      AUTHOR Mate Cser

      Posted on 4:23 pm June 2, 2017.

      I would like to see it dropping back below 0.0030 at least to establish a new long-term position; until then it’s a traders’ market in my opinion!

  • user

    AUTHOR quochien.petrol

    Posted on 3:32 pm June 2, 2017.

    Me too

  • user

    AUTHOR Falkor

    Posted on 4:09 pm June 2, 2017.

    I’m holding some. Bought in yesterday before the first rip, sold this morning and bought back in just now!

  • user

    AUTHOR bitsurfer

    Posted on 5:09 pm June 2, 2017.

    I’ve been holding some since early March. Turning out to be quite a nice investment!

  • View Comments (8) ...
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